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Fly News Breaks for January 11, 2016
PSEC
Jan 11, 2016 | 07:48 EDT
Wells Fargo downgraded Prospect Capital based on its concerns about the company's overvaluation of some of its assets and what it sees as the company's lack of credibility. The firm thinks the company could lose its investment grade credit rating and may carry out a dilutive rights offering.
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